Color Concentrates Market Estimated to Record Highest CAGR by 2027

Color concentrates are the pigments blended with a carrier resin. These are the compounds to facilitate the coloring of a wide variety of plastics and for various other applications. The increasing demand from end use industry such as paint, packaging, consumer goods, agriculture (such as mulch film, greenhouse & nursery films) and many others are spurring the demand for color concentrates market.

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There are two major components that are very commonly need to be considered for color concentrate. Molecular weight of the carrier resin and composition are the two main components used to produce the concentrate. Color concentrates are generally add to the base resin at stages of 2 – 5 lb per 100 lb of the natural material. Therefore, assuming that the concentrate are used in right amount, the carrier polymer is generally made up from 1% to 3% or more of the final compound therefore, selection required much attention.

Over the forecast period, color concentrate market for liquid form segment is projected to grow at the significant CAGR owing to numerous properties offered by liquid form color concentrates, which include, reduced energy consumption in their manufacturing, accuracy in metering, enhanced color dispersion, low material costs, rapid color development, and increased color consistency.

Color Concentrates Market: Dynamics

The growing use of aesthetics in packaging and increasing demand for plastics are spurring the demand for color concentrate market. Moreover, industrialization in emerging economies and introduction of universal carrier resins are driving demand for color concentrates market. However, increased costs due to color matching are hampering the growth of color concentrates market. Also, recycling of plastics is a major challenge for color concentrate market.

Color Concentrates Market: Regional Outlook

The Asia Pacific Excluding Japan (APEJ) region is projected to register rapid growth due to the growing adoption of color concentrate in an increased scale from the end user industries. Along with this, the expansion of end use industries in China, India, Indonesia, and Thailand among others are also contributing in the growth of color concentrates market in APEJ region. In APEJ region China is estimated to be the most prominent market for color concentrates. The growth of color concentrates market in developed regions such as North America, Western Europe, and Japan is expected to be driven by the increase in the growth of end use industries such as automotive.

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Color Concentrates Market: Market Participants

Examples of some of the market participants identified in the Color Concentrates market across the globe are:

• Clariant Corporation
• PolyOne Corporation
• Ampacet Corporation
• Ferro Corporation
• Breen Color Concentrates
• Colortech Inc.
• Penn Color, Inc.
• Plasticoncentrates Inc.
• Americhem Inc.
• Hudson Color Concentrates
• A. Schulman, Inc.

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Color Concentrates Market: Segmentation